A business valued at $96 000 is purchased for a down payment of 25% and payments of $4000 at the end of every three months. If interest is 9% compounded monthly,
what is the size of the final payment?
Write your answer as 2,569.43.

Answers

Answer 1

Size of final payment is $6392.43

Given that formula for compound interest is P(1+r/n[tex])^{nt}[/tex]

where P is initial principal

r is interest rate

n is compound times per period

t is time in years

We find all the variables in the formula in order to get our answer.

Initial principal = 96000 less 25%= 72000

interest rate = 9%

number of compound times= 12

time in years =4.25 years (whole period is 4.5 years since number of payments to complete balance will take 54 months)

Hence principal and CI after 4 years and 3 months(the second to last payment)

72000(1+0.09/12)^12x4.25=$105,393.6

We use $105,393.6 as our principal to calculate the whole interest and principal for the period in order to find last payment

105393.6(1+0.09/12)^12x0.25=$107,786.03

interest for the final month = $107786.03-$105,393.6=$2392.43

To get our final payment, we add the principal payment of $4000 to final compounded interest =$6392.43


Related Questions

Tarik filled his tank with 11 gallons of
premium gasoline. He paid $38.76. How
much did Tarik pay per gallon?

Answers

I think the answer is he payed $3.40

7. Karen opened a savings account with $500. The money earns 0.2% interest per month. If she does not make any withdraws or any more deposits, approximately how much money will Karen have in the account after two years?

(North Carolina Math 2)

A. $502 B. $512 C. $515 D. $525

Answers

Answer:

The answer is A

Step-by-step explanation:

0.2% of 500 is 1 so in two year she would have 502$

The answer would be A. 502

help me out please i dont understand this

Answers

Answer:

x=7°

Step-by-step explanation:

From the picture it tells us that all side are equal

so that means every side is 60°

Let's make an equation

9x-3°=60°

add 3 on both sides

9x=63°

divide both sides by 9

x=7°


Will all rational functions have at least one vertical asymptote? Justify your response with an
explanation

Answers

Answer:

  no

Step-by-step explanation:

A rational function is the ratio of two polynomials. It will have a vertical asymptote if there is a real denominator zero that is not matched by one in the numerator.

Polynomials in general may or may not have real zeros, and two polynomials may have the same zero. Hence conditions may exist for a rational function not to have any vertical asymptotes.

An example with no vertical asymptotes is ...

  f(x) = (x -1)/(x^2 +1)

Which graph does NOT represent a function?

Answers

Answer:

The circle graph does not represent a function because it doesn't pass the vertical line test.

Step-by-step explanation:

Each day of Spirit Week at Alek's school, students have the option of dressing up according to a different theme. On Tuesday of Spirit Week, Alek recorded the number of students at his school by class and style of dress. Here is his data:

Answers

Answer:

D

Step-by-step explanation:

or

This is the conditional distribution of style of dress for freshmen.

How much time will it take Wilson to finish painting the bookcase? Explain.

Answers

He will take 50 minutes.
To complete it’ll be 100%.
So if you multiple 20 times 2 it’ll give you 40…which will now have you at 80% So you need 20% left which is half of 40% to complete the 100% which will be half of 20 which is 10. Then you add to the 40 you alr have which sum up to 50min total!!!

Find the sum of the pair of numbers.

8+(-2)

Answers

Answer:

6

Step-by-step explanation:

8-2

=8+-2

=6

the sum just means when u add them both together hope this helps! u just do 8 take away 2 because its a negative

During the summer, many homeowners struggle to keep ant's out of their homes. In a specific
kitchen, the population of a colony of ants is given by
P(t) = 42(1.168)
where P(t) is the populationand t is the number of days after June 1st.
(a)What is the daily growth rate of this ant population?
Write your answer as a percent rounded to two decimal places.
(b)What is the continuous growth rate of this ant population?
Write your answer as a percent rounded to two decimal places.
(c)When will the population reach 500 ants? Use an algebraic solving process to show
that it will take 15.95 days to reach 500 ants.

Answers

hiiiiiiiiiiiiiiiiiiiiiiiii

Enter values to write the function that matches the graph shown.

Answers

Answer:

Step-by-step explanation:

The curve crosses the x axis (has zeros) at -1 and -4

Therefore it has factors of (x + 1) and (x + 4) and possibly a constant factor C

y = C(x + 1)(x + 4)

plug in the known y intercept

16 = C(0 + 1)(0 + 4)

16 = 4C

C = 4

as they are looking for two factors and one is give as (x + 1), the other must be C(x + 4) = 4(x + 4) = 4x + 16

Consider the function f(x) = 3x4 − 5x2. This function is (even, odd, neither) because [ f(x) = -f(x), f(x) = f(-x), -f(x) = f(-x) ]

Answers

Answer:

odd

Step-by-step explanation:

cuz it can't be neither or even

Two cities are 5 3/4 inches apart on a map. The map scale says that 1/2 inch= 10 miles. How many miles
apart are two cities?

Answers

Answer:

900 Miles

Step-by-step explanation:

Since 1 inch = 200 miles, then ....

    4.5 inches * (200 miles / 1 inch) = (4.5 inches * 200 miles) / (1 inch) = 900 miles

OR

    1 / 200 : 4.5 / m     ==>     1 * 4.5 / 200 * 4.5 = 4.5 / 900    ==>    m = 900

Thus, the actual distance between the two cities is 900 miles.

Which rational number could be graphed between 0 and 1?


A number line going from negative 5 to positive 3 in increments of 1.

O Negative one-half

O One-fourth

O Three-halves

O 1.75

Answers

O NEGATIVE ONE-HALF ........

Answer:

answer is D

Step-by-step explanation:

the answer is 1.75

2.54 to nearest minute

Answers

Answer:

3 minutes

Step-by-step explanation:

The angle measure of a triangle is shown in the diagram.
what is the value of x?
A. 13
B. 20
C. 5
D. 12

Answers

To find X it is a degree value.
All of the angles in this triangle add to give 180 degrees.

So set the sum of every angle = 180
180 = 95 + 3x+4 + 4X-3

To solve this you want x by itself so bring 95 to the other side by subtracting it. Add the 3x and 4X. Add 4 and -3.
85 = 7x + 1

Subtract the 1 to isolate x
84 = 7x

Divide by 7
X = 84/7

To see if it is A, B, C, D plug in the value and see if it adds up to 180

How many hours in a day?​

Answers

Answer:24 hours are in a day

The following data set has a mode of 2, a mean of 10, and a median of 7. Which of these three measures gives the best idea of the typical size of the numbers in the list?
2, 2, 2, 4, 6, 8, 10, 12, 14, 60
A. Median
B. Mode
C. Mean

Answers

Answer:

I should think the median

Line /1 and line /2 are parallel lines. Determine the measures of <1 though <12

Answers

Answer:

1=56⁰

2=56⁰

3=68⁰

4=68⁰

5=56⁰

6=112⁰

7=180-124 Ans=56⁰

8=68+56 Ans=124⁰

9=68⁰

10=112⁰

11=124⁰

12=56⁰

Whats the answer to 2 1/6 + 3 4/9?

Answers

Answer:

4.61

did that help??

Step-by-step explanation:

[tex]2 \dfrac 16 + 3 \dfrac 49 \\\\\\= 2 + \dfrac 16 + 3+ \dfrac 49\\\\\\ = 5+\dfrac{11}{18}= 5 \dfrac{11}{18}[/tex]

Zack buys some potatoes from a store. The potatoes cost $7.68 for 3 pounds. He wants to buy more vegetables, but at the same price per pound as the potatoes. Which of the following vegetables could Zack buy?

Answers

Answer:

23.04 i think pls mark brainliest

Step-by-step explanation:

The length of one of the sides of a triangle is equal to 1m, the measurement of adjacent angles are 30º and 45º. What are the lengths of the other sides of this triangle?

Answers

Thr length of one of the sides of a triangle is equal to 1m, the mesurement of adjacent....... 45, 30 is lengths of the both side triangle.

THANK YOU

The formula for the area of a trapezoid is A= 1/2h(b1+b2), Where h is the height and b1 and b2 are the two bases. Rewrite the formula to solve for b1 in terms of A, h, and b2.

Answers

Answer:

Correct choice: B

Step-by-step explanation:

Equation Solving

The area of a trapezoid with height h and bases b1 and b2 is given by:

We must solve this formula for h.

First, multiply by 2 to eliminate denominators:

Now, divide by b1+b2:

Swapping sides:

Correct choice: B

36=12d is a proportional or Non-proportional? Explain

Answers

Answer:

non-proportional

Step-by-step explanation:

This equation is non-proportional. A proportional equation contains 2 variables where one is proportional to the other. An example would be:

y = 5x

Y is proportional to the value of X at a rate of 5. 5 is the "constant of variation", or the "constant of proportionality"

36 = 12d is not proportional because there is only one variable. That variable can be solved for, giving only one solution.

proportional:

"corresponding in size, degree or intensity"

"having the same or a constant ratio"

Scientific notation question in mathematics please answer
A newly discovered planet has a mass of 4.8743 · 10 22 kilograms. It's estimated that there is water on the surface and that, the water's mass is only 4 · 10 -2 percent of the planet's total mass. Use scientific notation to estimate the mass of the planet's water. In your final answer, include all of your estimates and calculations.

Answers

Answer:

1.94972 × 10¹⁹ kg

Step-by-step explanation:

Mass of the planet:

4.8743 × 10²² kg

The water's mass:

4×10⁺²%

Mass of the planet's water:

4.8743 × 10²² * 4×10⁺² / 100 = 19.4972 × 10²²⁺²⁺² = 19.4972 × 10¹⁸ = 1.94972 × 10¹⁹

A survey found that 27% of high school students and 94% of teachers and school employees drive to school. The ratio of students to employees is about 10 to 1. Roger states

Answers

The complete question statement is: A survey found that 27% of high school students and 94% of teachers and school employees drive to school. The ratio of students to employees is about 10 to 1. Roger states that the number of students who drive to school is greater than the number of teachers and employees who drive to school. Explain how Roger’s statement could be correct.

Answer and Explanation:

What is given;

Students 27%. (s)

Teachers and employees 94%. (t)

The ratio between these two variable is 10:1, this means that for every 10 students there's one employee only, that is, students are 10 times more than teacher and employees.

So, 27% of 10 students is 2.7 students, and 94% of 1 employee is 0.94 employees and teachers. So, if there are 2,000 students, there must be 200 teachers, and the number of students that have cars are 0.27(2000)=540, and the number of teacher and employees that have cars are 0.94(200)=188.

As you can observe, with this ratio and percentages, the number of students who drive to school is greater than the number of teachers and employees who drive to school. That's why Roger's statement is correct.

The table shows that the ratio of boys to girls at Midtown Middle School is 3 to 4. Which classes have an equivalent ratio of boys to girls? Check all that apply. A math class with 12 boys and 16 girls.
An English class with 14 boys and 14 girls.
A science class with 15 boys and 20 girls.
A Spanish class with 20 boys and 15 girls.
A band class with 75 boys and 100 girls.

Answers

Answer:

Step-by-step explanation:

A math class with 12 boys and 16 girls, A science class with 15 boys and 20 girls and A band class with 75 boys and 100 girls have an equivalent ratio of 3 : 4.

What is Ratio?

Ratio is a concept in mathematics used to compare two things.

It is denoted by a : b.

A ratio can be represented as fractions also like a/b.

In the question, it is given that the ratio of boys to girls is 3 to 4.

A math class with 12 boys and 16 girls = 12/16 = 3/4An English class with 14 boys and 14 girls = 14/14 = 1A science class with 15 boys and 20 girls = 15/20 = 3/4A Spanish class with 20 boys and 15 girls = 20/15 = 4/3A band class with 75 boys and 100 girls = 75/100 = 3/4  

Hence A math class with 12 boys and 16 girls, A science class with 15 boys and 20 girls and A band class with 75 boys and 100 girls have an equivalent ratio of 3 : 4.

To learn more about Ratio, click:

https://brainly.com/question/13419413

#SPJ2

GIVING BRAINEST IF RIGHT!!

Factor x^4 - 12x squared + 36

Answers

Answer:

(x^2-6)^2

Step-by-step explanation:

Answer:

(x2-6)^2

Step-by-step explanation:

I think that's the answer not sure

Kobina sells apple pies for 10gh each.kojo sells beverages for ghc1 each.if kobina sells 23 apple pies and kojo sells 17 beverages,what is the total in sales for both producs combined?​

Answers

Answer:

680

Step-by-step explanation:

Based on the given conditions, formulate:  17  × ( 23  + 17 )  

Calculate the sum or difference: 17  × 40  

Calculate the product or quotient: 680  

get the result: 680

Answer: 680

(Hope this helps can I pls have brainlist (crown)☺️)

The length of a rectangle sign is 3 times it’s width, if the signs perimeter is 16 inches, what is the signs area

Answers

Answer: 12 in
Width: 2in
Length: 2 x 3 = 6in
Perimeter: 6+6+2+2= 16in

-
4. 3x² - 2x - 1 = 0

Answers

If you’re solving for x
x = -1/3 or x = 1
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